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BUSINESS BYTES

Italian groups get Poľnobanka stock

Almost six percent of Poľnobanka's stock was recently acquired by the Italian financial groups Unicredito and Finest. The aim behind the stock sale was to enable Poľnobanka to enter the Italian banking market. Other current shareholders in Poľnobanka are Slovenská poisťovňa (Slovak Insurance) with 31.9 percent, the EBRD with 20 percent and the Ministry of Agriculture with 8.6 percent. Poľnobanka increased its equity capital by 56 percent from 800 million to 1.25 billion Sk at the end of June. This increased the bank's primary sources by 47 percent, and its total assets grew to 26.5 billion Sk. Poľnobanka is now ranked third among Slovak commercial banks.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).